Singapore, a country famous for many things, is also inclined towards crypto. The country doesn’t just support crypto but lets its citizens embrace decentralization. Though it doesn’t treat digital assets as legal tender, it makes them legal assets. Deploying anti-money laundering and counter-financing of terrorism makes their usage absolutely safe for users. The taxation laws are also conducive to their usage.
As a result, Singapore saw an exponential growth in the number of crypto users lately. To facilitate them, a large number of crypto exchanges have started offering services here. These platforms get protection under the Payment Services Act and are regulated by the Monetary Authority of Singapore (MAS). Therefore, they offer a broad array of solutions to all Singaporeans keen to explore blockchain.
Top crypto exchanges in Singapore make it easy and safe for them. With their help, it’s possible to trade profitably while gaining access to innovative decentralized solutions. These platforms deliver high-grade security to assets and user information. While making things better for crypto users, they expand the scope of this technology, too. So let’s dig into the top crypto exchanges in Singapore and see how these platforms make asset-handling more efficient.
Top Crypto Exchanges in Singapore
These top crypto exchanges in Singapore provide a range of advantages, including multiple trading types, robust security, and ease of usage.
Coinhacko
Coinhako has emerged as the go-to platform for Singaporeans with its various merits. It lets users trade digital assets directly against fiat currencies like USD and SGD. Based in Singapore, this exchange enjoys seamless access to payment gateways, making bank transfers quick. Also, the platform delivers high speed in transactions while safeguarding assets. It delivers cross-platform access as well.
In terms of trading types, it facilitates futures trading and many others. The platform charges only 3% processing fee while allowing credit/debit payments. Along with buying and selling, it executes the swapping of assets too. Coinhako offers advanced tools for analysis, price-tracking, and checking all market updates. It brings liquidity, API access, an NFT marketplace, and a higher level of scalability for its users. All these features make Coinhacko a top contender among the top crypto exchanges in Singapore.
Moomoo
Moomoo has gained a good reputation among Singaporean traders due to its multi-faceted benefits. It comes with a commission-free model that allows trading diverse assets. While widening its reach to many nations, it facilitates the buying/selling of cryptos, fractional shares, options, ETFs, and stocks. It offers the latest charting and analysis tools along with Level 2 market data. It also provides insightful tutorials to keen beginners.
Moreover, its parent company, Futu Holdings, is recognized by MAS and NASDAQ. Moomoo gives access to a high-yield cash management program as well. It allows traders to earn huge interest through their assets. The platform has its own thriving community that shares deep insights and strategies. The platform comes with an intuitive interface that makes the overall usage convenient for beginners and learned investors. Many consider it among the top crypto exchanges in Singapore.
Crypto.com
Crypto.com is a preferred choice of many traders due to its investor-centric profile. It facilitates buying, selling, and trading of digital assets while offering various solutions. Users get hold of a DeFi wallet, payment services, and a dedicated NFT marketplace. Headquartered in Singapore, this platform handles a user base of 50 million with a user interface and a well-guarded mechanism.
It lets users engage in margin, derivatives, and spot trading on multiple platforms. To ensure compliance, it implements biometrics, two-factor authentication, and anti-phishing codes. The other notable features include an earn program, a debit card facilitating rewards and a dedicated service for crypto payments. It also delivers smart tools for analysis and makes trading possible for everyone.
Kraken
Kraken is a global leader that’s known for its innovative features, unyielding security, and deep liquidity. On the trading front, it enables users to indulge in futures, spot, and margin. They can deposit their accounts with various cryptocurrencies and traditional banking methods. It even executes buying/selling of over 200 digital assets and 780 trading pairs at a low fee. The interface is simple for all types of traders.
Deploying two-factor authentication, encrypted wallets, and cold storage secures assets. On top of that, Kraken users enjoy high liquidity too. They get access to comprehensive charting options, stop-loss orders, and sophisticated tools. The platform works on desktop as well as mobile app effortlessly. Users can access DeFi services like staking that help them earn passive income for the long term. It’s certainly one of the top crypto exchanges in Singapore.
Coinbase
Coinbase is one of the largest exchanges that benefits traders with its several features. It makes trading efficient for proficient traders as well as beginners. The platform facilitates the buying, selling, and trading of a wide range of assets at a low fee. It delivers refined charting tools, making analysis and strategy-making very easy. Furthermore, it offers a dedicated NFT marketplace to all its users.
The built-in wallet makes the sending, receiving, and storage of crypto absolutely flawless. It also brings deep liquidity, making order executions easy, especially for institutional clients. With API access, trades are automated and overall handling becomes unchallenging. It gives access to DeFi solutions, custody services, passive income opportunities, and education content while implementing high-end security protocols.
Gemini
Gemini has gained huge popularity among crypto investors due to its overarching attributes. It offers a user-friendly interface along with a compliant and efficient mechanism for trading. The platform executes buying, selling, and storage of over 70 digital assets on multiple platforms. To safeguard assets, it implements institutional-grade custody, two-factor authentication, an address book, and hardware keys.
Deploying API access automates the operations, bringing matchless ease. Users can access a dedicated channel for trading NFTs. They can even set up recurring buys to continue trading sans manual intervention. It offers an exclusive feature called Gemini Pay that facilitates crypto payments at various retailers. Other highlights include staking, an over-the-counter desk, cold storage, and support for stablecoin (GUSD).
How to Choose the Perfect Crypto Exchange
Choosing the right crypto exchange is crucial in ensuring safe, seamless, and profitable trading. The first factor to consider is regulation and compliance. In Singapore, exchanges regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act offer greater security and trust. Regulatory oversight ensures that your assets are protected under proper anti-money laundering (AML) and counter-terrorism financing (CFT) mechanisms.
Next, evaluate security features—look for robust measures like two-factor authentication (2FA), cold storage, encryption, and anti-phishing tools. These safeguards are essential to minimize the risk of hacking or unauthorized access. Another major element is transaction costs. Compare trading fees, deposit/withdrawal charges, and spreads across different platforms to ensure you’re not losing a substantial portion of your returns to hidden costs.
Asset variety and liquidity are equally important. Choose an exchange offering a wide selection of cryptocurrencies, including major tokens and promising altcoins, with sufficient liquidity to avoid execution delays. Additionally, a user-friendly interface with advanced charting tools, educational support, and responsive customer service plays a big role, especially for beginners.
Finally, check for local support—platforms that allow direct trading in SGD and provide smooth integration with local banking make transactions simpler. A perfect crypto exchange balances safety, affordability, usability, and accessibility.
Conclusion: Top Crypto Exchanges in Singapore
Top crypto exchanges in Singapore make trading smooth and fruitful for all traders. Their cutting-edge attributes let investors embrace decentralized finance to the fullest. In addition, they can secure their precious assets from various online threats. With their usage, digital assets and solutions based on them find users globally. They make blockchain technology more accessible and expandable.
Frequently Asked Questions
Are crypto exchanges legal in Singapore?
Yes, crypto exchanges are legal in Singapore and are regulated by the Payment Services Act and overseen by the Monetary Authority of Singapore (MAS). Although cryptocurrencies are not legal tender, they are legal assets. This guarantees safety, compliance, and security to every crypto investor and trader.
What factors should I consider before choosing a crypto exchange in Singapore?
When choosing an exchange, you should pay attention to the regulation by MAS, the types of trading available (spot, futures, or margin), security measures (2FA, cold storage), transaction costs, asset diversity, liquidity, and usability. As a starter, it is advisable to use user-friendly platforms that have learning materials.
Do Singapore crypto exchanges allow trading in local currency (SGD)?
Yes, some of the exchanges recognized by MAS in Singapore, like Coinhako and Coinbase, will enable direct trading in SGD. This simplifies the process of purchasing and selling crypto to locals as they can make simple bank transfers, deposit fiat, and withdraw without having to convert to other international currencies.
